Credit Unions Near Me
National Credit Union Service Organization

CUTTING EDGE FEDERAL CREDIT UNION

Dec, 31, 2023 — CUTTING EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in MILWAUKIE, OR with 2 branch locations and about $54.33 million in total assets. Opened 71 years ago in 1953, CUTTING EDGE FEDERAL CREDIT UNION has about 3,908 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 323274788
Name:CUTTING EDGE FEDERAL CREDIT UNION
Address:
(Main Office)
4620 SE International Way Ste 105
MILWAUKIE, OR 97222
Phone:(503) 653-4392
Fax:(503) 653-6327
Website:https://www.cuttingedgefcu.org
Branches:2 branch locations
Members:3,908
Credit Union Type:Federal Credit Union
Charter Number:8317
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$54,331,864
CEO/Manager:Brady Howe
Chairperson:Richard Stallman

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,985,873
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,596,949
 Unsecured Loans 2,396,123
 Other Loans 14,527,981
 TOTAL LOANS 23,521,053
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -135,000
 Land And Building 66,867
 Other Fixed Assets 119,752
 NCUSIF Deposit 510,787
 All Other Assets 0
  TOTAL ASSETS 54,331,864
LIABILITIES & CAPITAL:  
 Dividends Payable 41,398
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 904,085
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,185,051
 Regular shares 21,189,152
 All Other Shares & Deposits 17,872,023
  TOTAL SHARES & DEPOSITS 48,246,226
  TOTAL LIABILITIES 49,191,709
 Regular Reserve 0
 Other Reserves -1,354,480
 Undivided Earnings 6,494,635
  TOTAL EQUITY 5,140,155
  TOTAL LIABILITIES, SHARES, & EQUITY 54,331,864
INCOME & EXPENSE  
 Loan Income 1,205,467
 Investment Income 407,152
 Other Income 160,736
 Total Employee Compensation & Benefits 1,231,326
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,204,175
 Non-operating Income & (Expense) 537,877
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,531
 Cost of Funds 412,146
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -126,470
↑ Back to Top

Other Credit Unions

MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION
25 Cornell Ave
GLADSTONE, OR 97027
RADIO CAB CREDIT UNION
1613 NW Kearney St
PORTLAND, OR 97209-2312
PORTLAND LOCAL NO 8 FEDERAL CREDIT UNION
2435 NW Front Ave Ste A
PORTLAND, OR 97209-1824
NORTHWEST ADVENTIST FEDERAL CREDIT UNION
10333 SE Main St
PORTLAND, OR 97216-2940
CASTPARTS EMPLOYEES FEDERAL CREDIT UNION
8120 SE Luther Rd
PORTLAND, OR 97206-9238
USAGENCIES CREDIT UNION
95 SW Taylor St
PORTLAND, OR 97204
PROVIDENCE FEDERAL CREDIT UNION
6400 SE Lake Rd Ste 125
MILWAUKIE, OR 97222-2243
OREGONIANS CREDIT UNION
6915 SE Lake Rd
MILWAUKIE, OR 97267
CONSOLIDATED FEDERAL CREDIT UNION
1033 NE 6th Ave
PORTLAND, OR 97232-2017
NW PREFERRED FEDERAL CREDIT UNION
8950 SW Burnham St
PORTLAND, OR 97223